First, the sesame credit score declined.

Borrowing is closely related to sesame credit, and the decline of sesame credit score will affect the credit limit of borrowing. If your sesame credit score has fallen sharply recently, it is understandable to borrow a large-scale reduction.

The second is the record of non-performing loans and overdue repayment.

If you have loan records on other platforms and have a certain degree of overdue repayment behavior, then for platforms such as Lending Bao, your "blacklist record" is likely to be discovered by big data risk control. In this way, even if I have given you credit before, it may be downgraded or blocked in a large area because of data risk control.

Third, financial pressure.

In some unexpected situations, financial pressure may make many users choose to borrow such a platform. However, if you owe a lot of money from other platforms besides borrowing, this kind of financial pressure will also have a certain impact on the credit line of borrowing under the multi-party game.

Four. Adjustment of official policies

So, is the large-scale reduction borrowed because the government has adjusted its policy? In fact, in the wave of loan reduction, the change of official policy only accounts for a small part, which is mainly due to the above factors.

In addition, if you want to know your big data and credit status, you can check Cuifeng data, get various indicator data, and inquire about your personal credit status, blacklist, online loan application record, application platform type, overdue, overdue amount, arbitration cases and other important data information, which can also help you better manage your financial risks.